US EditionMichigan regulator: Sports event contracts “undercut the integrity” of legal market
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Michigan regulator: Sports event contracts “undercut the integrity” of legal market
The Michigan Gaming Control Board (MGCB) has launched an investigation into sports prediction markets operating in the state and vowed to “take all the necessary steps deemed appropriate.” The regulator announced the investigation on April 11 amid concerns over a lack of consumer protection, as scrutiny on the sector continues to ramp up after a recent flurry of cease-and-desist orders from several states. All three prominent prediction marke…
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